If the Demand for a Good Is Price-Elastic,an Increase in Price

Multiple Choice

If the demand for a good is price-elastic,an increase in price will:

A) lead to a fall in quantity demanded but an increase in the firm's revenue.
B) not affect the total revenue of the firm.
C) lead to a fall in the firm's revenue but an increase in quantity demanded.
D) lead to an increase in quantity demanded.
E) decrease the firm's revenue by the same percentage as the increase in price.